Nine NBFCs give up certificate of registration

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MUMBAI:

RBI

on Tuesday said nine

NBFCs

, including

Ujjivan Financial Services

, have surrendered their certificate of registration to RBI.
Of these, five NBFCs have surrendered their CoR as they have exited from the non-banking financial institution business. RBI said three NBFCs –

Allegro Holdings

, Temple Trees Impex and Investment, and

Hem Financial Services

– have surrendered their certificates after meeting the criteria prescribed for unregistered core investment company that do not require registration.